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  • FIRST POST
    • fermi
    • By fermi 11th Jan 12, 8:53 AM
    • 36,862Posts
    • 44,385Thanks
    fermi
    DMP & Mutual Support Thread - Part 8
    • #1
    • 11th Jan 12, 8:53 AM
    DMP & Mutual Support Thread - Part 8 11th Jan 12 at 8:53 AM
    Once again the old thread was getting a bit large, so here is a fresh thread.

    The previous thread can be found here: Click ---> DMP Mutual Support Thread (Part 7)

    Or click here for the last page of posts on the old thread. ---> Last Page

    Good luck with your DMP everyone.
    I'm a Board Guide on the Debt-Free Wannabe, Bankruptcy, Credit Cards and Loans boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com. Board guides are not moderators. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com | > New to Forum? Click for Guide <

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Page 2
  • sickasachip13
    Hi all,

    Nothing to add really, I just thought I'd have a little shufty at our new thread.

    Oh also, we got 17.50 unexpected payment into our account today - from Moneysupermarket, something to do with when I changed energy providers. That was a nice surprise :-)

    Everyone that's at the start of the DMP, it is stressful and scary, huge changes are taking place and you're having to change your mindset and spending habits. Please try to remember, it soon settles down for most people and also brings enormous relief.

    laters taters, SAAC
    • Hopelessly Hopeful
    • By Hopelessly Hopeful 11th Jan 12, 10:08 PM
    • 3,364 Posts
    • 9,353 Thanks
    Hopelessly Hopeful
    Hi all,

    Nothing to add really, I just thought I'd have a little shufty at our new thread.

    Oh also, we got 17.50 unexpected payment into our account today - from Moneysupermarket, something to do with when I changed energy providers. That was a nice surprise :-)

    Everyone that's at the start of the DMP, it is stressful and scary, huge changes are taking place and you're having to change your mindset and spending habits. Please try to remember, it soon settles down for most people and also brings enormous relief.

    laters taters, SAAC
    Originally posted by sickasachip13
    Nice bonus indeed. What's the plan?

    HHx
    DMP June 2010 - August 2014. 100% plus interest paid back in full

    Proud to have dealt with my debt
  • BlushingRose
    Thanks all, I don't want to get boring with the 'woe is me' stuff, but... woe is most definitely me atm

    We got a statement, you haven't paid, type letter from Capital One today, showing that our 1 token had gone in, but also a payment of 50 (and pennies) on the 5th Jan. It can't be the CCCS as they didn;t take monies until yesterday (10th) and it most certainly wasn't us, so any ideas where it might have come from? The statement thing doesn't say a source.
    Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: 41,568

    Oct 2012 = Current debt: 40,548.93
    Oct 2013 = Current debt: 39.054.70


    DMP Support number 424 - Long haul number 308
  • Em586
    Hi all,

    Nothing to add really, I just thought I'd have a little shufty at our new thread.

    Oh also, we got 17.50 unexpected payment into our account today - from Moneysupermarket, something to do with when I changed energy providers. That was a nice surprise :-)

    Everyone that's at the start of the DMP, it is stressful and scary, huge changes are taking place and you're having to change your mindset and spending habits. Please try to remember, it soon settles down for most people and also brings enormous relief.

    laters taters, SAAC
    Originally posted by sickasachip13
    thanks for this!! apart from the pain of not knowing our income/expenditure just yet due to moving house (thus changing utilities payments, reducing rent. etc) and the DLA award which will go to my son but also will change our tax credit award, things have been a real relief as you said- it's so nice knowing we aren't going to lose any money to interest and overdraft charges this month. For the first time in a long time, we can make the most of ALL of our income in the budget. We're enjoying the new 'cash for everything' system and so far have done really well.

    Finally we're in a position to start reducing the debt, not just add to it. Wish we'd done it years ago.....
    • Hopelessly Hopeful
    • By Hopelessly Hopeful 11th Jan 12, 10:17 PM
    • 3,364 Posts
    • 9,353 Thanks
    Hopelessly Hopeful
    Thanks all, I don't want to get boring with the 'woe is me' stuff, but... woe is most definitely me atm

    We got a statement, you haven't paid, type letter from Capital One today, showing that our 1 token had gone in, but also a payment of 50 (and pennies) on the 5th Jan. It can't be the CCCS as they didn;t take monies until yesterday (10th) and it most certainly wasn't us, so any ideas where it might have come from? The statement thing doesn't say a source.
    Originally posted by BlushingRose

    Worry when they take it off not when they put it on.

    There was a thing on Paul McKenna on gmtv this morning called havening technique to help stress. On the website if you want to try it. Hope it helps.


    HHx
    DMP June 2010 - August 2014. 100% plus interest paid back in full

    Proud to have dealt with my debt
  • BlushingRose
    Worry when they take it off not when they put it on.
    Originally posted by Hopelessly Hopeful
    yeah, good point..
    There was a thing on Paul McKenna on gmtv this morning called havening technique to help stress. On the website if you want to try it. Hope it helps.


    HHx
    Originally posted by Hopelessly Hopeful
    Thanks. I certainly need something...
    Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: 41,568

    Oct 2012 = Current debt: 40,548.93
    Oct 2013 = Current debt: 39.054.70


    DMP Support number 424 - Long haul number 308
  • Wannabefree1
    Thanks all, I don't want to get boring with the 'woe is me' stuff, but... woe is most definitely me atm

    We got a statement, you haven't paid, type letter from Capital One today, showing that our 1 token had gone in, but also a payment of 50 (and pennies) on the 5th Jan. It can't be the CCCS as they didn;t take monies until yesterday (10th) and it most certainly wasn't us, so any ideas where it might have come from? The statement thing doesn't say a source.
    Originally posted by BlushingRose


    We've had something similar - but for 15 on a Halifax statement. Turns out to be a refund of charges.
    SPC5 #1457 Long hauler #293
    LBM 12/11
    Debtbusting -DMP 01/12 - 48832.04/48806.91
    400 to friends and family 250 Payday loan
    250 O/D
    Fatbusting - 126lb/66.5lb over half way now!
  • BlushingRose
    We've had yet another missive from Capital One today, this time the 50 is called a 'cash back' reward!

    Also, the PPI monthly amount of 70 has been taken off. We need to get that stopped, but how? Also can we claim it back?
    Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: 41,568

    Oct 2012 = Current debt: 40,548.93
    Oct 2013 = Current debt: 39.054.70


    DMP Support number 424 - Long haul number 308
  • sickasachip13
    Nice bonus indeed. What's the plan?

    HHx
    Originally posted by Hopelessly Hopeful
    It's going to go towards my Argos debt (see 1 debt versus 100 days challenge thread), along with 21 of foreign currency I found on my book shelf and whatever's in my penny jar at the end of the month (if it lasts that long without being raided to buy food)!

    Would've been nice to go out for a meal but I'd rather blast Argos off the face of my debt, if I can.
  • BlushingRose
    Oh, I forgot to mention that they want us to cut up the card and send it back to them. Of all the cards (3) we cut up, guess which bits we didn't keep?! *sigh*
    Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: 41,568

    Oct 2012 = Current debt: 40,548.93
    Oct 2013 = Current debt: 39.054.70


    DMP Support number 424 - Long haul number 308
    • Time to face the music
    • By Time to face the music 12th Jan 12, 1:36 PM
    • 5,007 Posts
    • 35,817 Thanks
    Time to face the music
    It's going to go towards my Argos debt (see 1 debt versus 100 days challenge thread), along with 21 of foreign currency I found on my book shelf and whatever's in my penny jar at the end of the month (if it lasts that long without being raided to buy food)!

    Would've been nice to go out for a meal but I'd rather blast Argos off the face of my debt, if I can.
    Originally posted by sickasachip13
    I'm not sure if I am being helpful, more likely to be teaching my betters to suck eggs , but have you ever tried selling your left over foreign currency on ebay? It usually yields loads more than you could change it for at the bank

    Oh and I almost forgot to say, your blogs are fantastic!
    Last edited by Time to face the music; 12-01-2012 at 1:37 PM. Reason: Omission
    • Time to face the music
    • By Time to face the music 12th Jan 12, 1:51 PM
    • 5,007 Posts
    • 35,817 Thanks
    Time to face the music
    Oh, I forgot to mention that they want us to cut up the card and send it back to them. Of all the cards (3) we cut up, guess which bits we didn't keep?! *sigh*
    Originally posted by BlushingRose
    Hello BlushingRose

    I am sorry you feel so down at the moment, I feel sort of elated but with lots of butterflies in my tummy too because at last we are about to do something about our problems. I know it's going to be very tough and am sure I will have plenty of days too.

    Is it normal for companies to ask for cards back? I am getting ready to cut ours up and am now wondering whether to send them back with our token payments this month?

    Keep your chin up
    Last edited by Time to face the music; 12-01-2012 at 1:51 PM. Reason: Inability to spell
  • jasperconran
    Havent posted for a while, but could do with some help. Now self managing dmp as gave CCCS the boot (long story).

    Anyway, had to contact Blair Oliver and Scott today re: OH's Halifax CC as I have got permission to do so. They contacted us as his payment plan is up for review.


    Had a long chat with them as the balance is still 11,621.33 and one of our biggest creditors. I dont know how, but they managed to talk me into agreeing to pay 370 as of next month!
    But im gonna have to ring them back tommorow or write and I say I cant do this. Ive done the figures and even with the savings I have managed to put to one side (for mortgage arrrears) we just cant do it.

    Now im dead scared what they are gonna say. If I could pay it, we would be rid of the debt in just under 3 years which would be fab!

    Any ideas anyone??
    LBM: April 2009 - honest debt figure: Secured: 24348.14 (had wrong fig) unsecured: 58334.32(roughly) total: 81682.46! back with CCCS starting again
  • BlushingRose
    Hello BlushingRose

    I am sorry you feel so down at the moment, I feel sort of elated but with lots of butterflies in my tummy too because at last we are about to do something about our problems. I know it's going to be very tough and am sure I will have plenty of days too.

    Is it normal for companies to ask for cards back? I am getting ready to cut ours up and am now wondering whether to send them back with our token payments this month?

    Keep your chin up
    Originally posted by Time to face the music

    Thanks chuck, to be honest I go from 'yay' to 'doom' and back again atm. As you've probably seen, I'm a worrier but I'm hoping that after a couple of months I'll get more of a grip - watch this space

    With regards to the credit card companies - so far this is the first time a company has asked for us to cut it up and send it back. What I'd advise is, cut them up but keep the bits. I'd joked to Mr BR that perhaps we should keep the bits in-case they wanted them back, but we'd already got rid of the capital One bits by then.
    Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: 41,568

    Oct 2012 = Current debt: 40,548.93
    Oct 2013 = Current debt: 39.054.70


    DMP Support number 424 - Long haul number 308
  • BlushingRose
    Havent posted for a while, but could do with some help. Now self managing dmp as gave CCCS the boot (long story).
    Originally posted by jasperconran
    Sorry, can't help with your request, but why did you get rid of CCCS?
    Our DMP is just starting with them and it might be helpful to know x
    Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: 41,568

    Oct 2012 = Current debt: 40,548.93
    Oct 2013 = Current debt: 39.054.70


    DMP Support number 424 - Long haul number 308
  • sickasachip13
    .

    Anyway, had to contact Blair Oliver and Scott today re: OH's Halifax CC as I have got permission to do so. They contacted us as his payment plan is up for review.

    Had a long chat with them as the balance is still 11,621.33 and one of our biggest creditors. I dont know how, but they managed to talk me into agreeing to pay 370 as of next month!
    But im gonna have to ring them back tommorow or write and I say I cant do this. Ive done the figures and even with the savings I have managed to put to one side (for mortgage arrrears) we just cant do it.

    Now im dead scared what they are gonna say. If I could pay it, we would be rid of the debt in just under 3 years which would be fab!
    Originally posted by jasperconran
    Hi JasperC

    Was it because you felt under pressure or did you just overestimate what you could afford? If it's because you felt pressured to agree to the higher payment, might it be wiser to write to them, in case they get you to agree to an unrealistic amount again?

    Whichever way you do it, I'd go back to them and say that you've now re-examined your income and outgoings and you realise there's no way you could afford that much, however, you could afford xxx.

    Try not to worry about what they're going to say, what's more important is that you get the right repayment amount for you.

    SAAC
  • sickasachip13
    I'm not sure if I am being helpful, more likely to be teaching my betters to suck eggs , but have you ever tried selling your left over foreign currency on ebay? It usually yields loads more than you could change it for at the bank

    Oh and I almost forgot to say, your blogs are fantastic!
    Originally posted by Time to face the music
    Hi, I haven't actually thought of that - because this is just one note, I think I'll just get it changed but useful to know for future. I've lots of foreign coins - will they sell do you think.

    And I'm glad you enjoyed the blogs. It is a strange place to be at the beginning of the DMP, everything is unknown and uncertain. But the feeling of the debt starting to decrease is just great.

    Best of luck

    SAAC
  • LittleHippyHop
    Hi everyone

    I made my first payment for my DMP with CCCS this week. My bank (lloyds) haven't been told of the situation as of yet as CCCS said they would hold off until I had everything sorted with my new account, although Lloyds have taken me over my already maxed out overdraft by taking account fees so will no doubt be hearing from them soon anyway! I am some what dreading the letters and calls that will come from them when they find out about the DMP, but there you are.

    I've just been thinking though- my house contents insurance is also with Lloyds- could this be a problem? Obviously I would have to change the direct debit details but just wondering if it would make a difference to a claim? I would cancel but have only had it for 10 months, not sure if you can cancel if under a year?
  • BlushingRose
    Any ideas about the PPI stuff folks?
    Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: 41,568

    Oct 2012 = Current debt: 40,548.93
    Oct 2013 = Current debt: 39.054.70


    DMP Support number 424 - Long haul number 308
    • Time to face the music
    • By Time to face the music 12th Jan 12, 2:59 PM
    • 5,007 Posts
    • 35,817 Thanks
    Time to face the music
    I raided an old piggy bank and sold some Thai Baht notes and coins, then some Euros which were just coins. In both cases, even after fees I got around 25% more than the bank exchange rates. I don't know why it happens but I'm glad I tried it
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